Most recently Playgon has revealed its intentions to join Ontario’s competitive iGaming and sports wagering market for private operators. The provider has officially filed its application to become a licensed gaming-related supplier to the Alcohol and Gaming Commission of Ontario. If approved, the company will be able to offer its digital content to other locally licensed entities.
In the summer of 2021, the Canadian federal government introduced single-event betting as a legal option in the country. This has played a major part in the opening of Ontario’s online betting market. On April 4, 2022, the province became the first one in the country to have a regulated framework for private operators who offer the new vertical.
Submission Sent Out
Playgon is a proprietary SaaS technology company that is popular for the distribution of the first mobile live dealer technology VegasLounge™ to other operators from all around the globe. This week, the company announced that it has applied for a Gaming Related Supplier – Manufactures License to the Alcohol and Gaming Commission of Ontario, which is the regulator of the local market.
If the provider receives regulatory approval from the AGCO, then it will be able to legally offer its live dealer products from its cutting-edge studio in Las Vega, Nevada, to other licensed entities. According to H2 Gambling Capital, Ontario’s iCasino and online sports betting market is valued at US$2 billion in 2022. It is also believed that the jurisdiction will transform into one of the largest iGaming sectors in North America.
Darcy Krogh, CEO and Director of Playgon Games, described the province as a key regulated market, in which the company wants to operate. He said that due to the increasing interest in the market, the provider has decided to move forward with its application. Now, the company is looking forward to a response and potentially working with AGCO.
A Highly Competitive Market
Provided that the company gets its hands on such a gaming supplier license, then it will be joining many other gaming brands in the local market. As of last Thursday, the province informed that a total of 21 operators are up and running in the sector. Some of the content suppliers include Bragg Gaming Group, Kambi Group, Relax Gaming, Light & Wonder, and more.
At the start of April, FanDuel also announced its entry into the market. The sports betting giant has now made its debut in Ontario’s regulated regime. The gambling leader’s FanDuel’s Sportsbook and Casino apps are now available to play in the province. Local bettors can utilize their Same Game Parlay™ bets (SGP), Odds Boosts, Data Visuals, Streaming options, and more.
Most recently, Mohegan Gaming & Entertainment’s Fallsview Casino Resort has also informed that it will be going live in the online sports betting market. This is possible after MGE announced that it has collaborated with Kambi Group, and its PlayFallsview sportsbook will be powered up by the latter’s sports betting technology. The provider has been live in the market since the day of the opening and now continues to secure new partners.
Source: “Playgon Submits Application for Gaming Related Supplier Approval for Ontario, Canada”, Yahoo Finance, May 4, 2022